Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2013
Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2013
| Public Act | 2013 No 106 |
| Date of assent | 4 December 2013 |
| Commencement | see section 2 |
Contents
4 Section 5 amended (Interpretation)
5 Section 16 amended (Standard customer due diligence: verification of identity requirements)
6 Section 18 amended (Circumstances when simplified customer due diligence applies)
7 Section 27 amended (Wire transfers: identity requirements)
8 Section 28 amended (Wire transfers: verification of identity requirements)
9 Section 130 amended (AML/CFT supervisors)
10 Section 134 amended (Delegation of supervisory function and powers)
The Parliament of New Zealand enacts as follows:
1 Title
This Act is the Anti-Money Laundering and Countering Financing of Terrorism Amendment Act 2013.
2 Commencement
This Act comes into force on the day after the date on which it receives the Royal assent.
3 Principal Act
This Act amends the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the principal Act).
4 Section 5 amended (Interpretation)
In section 5, definition of government agency, replace paragraph (d) with:
“(d) any overseas country's counterpart of any of the entities in paragraphs (a) to (c)”.
5 Section 16 amended (Standard customer due diligence: verification of identity requirements)
In section 16(1)(a), replace
“provided”
with“obtained”
.
6 Section 18 amended (Circumstances when simplified customer due diligence applies)
In section 18(1)(c), replace
“provides”
with“obtains”
.
7 Section 27 amended (Wire transfers: identity requirements)
Replace section 27(6) with:
“(6) Any information about the originator obtained by a reporting entity that is an intermediary institution must be provided by that reporting entity to the beneficiary institution as soon as practicable.”
8 Section 28 amended (Wire transfers: verification of identity requirements)
Replace section 28(1)(a) with:
“(a) verify the originator’s identity so that the reporting entity is satisfied that the information obtained under section 27 is correct; and”.
9 Section 130 amended (AML/CFT supervisors)
In section 130(1)(a), before
“banks”
, insert“registered”
.
10 Section 134 amended (Delegation of supervisory function and powers)
In section 134(1)(b), replace
“section 131(b)”
with“section 131(d)”
.
Legislative history | |
|---|---|
| 19 November 2013 | Divided from Statutes Amendment Bill (Bill 89–2) by committee of the whole House, third reading |
| 4 December 2013 | Royal assent |
This Act is administered by the Ministry of Justice.